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Jack Barakat, Head Of Finance

Jack Barakat

Head Of Finance·M&C Saatchi

Lebanon

Diploma, Accounting and Management

Work experience

Total years of experience: 28 years, 9 months

Head Of Finance

June 2012 - Present

M&C Saatchi

June 2012 - Present

• Managing a 15+ Team across various functions Finance, Accounting, Human Resources, TAX & Administration
• Responsible for planning, implementing, managing and controlling all financial-related activities including the development of financial and operational strategies
• Responsible for accounting, finance, forecasting, strategic planning and negotiations both legal and financial
• Assist in formulating the company’s future direction and supporting tactical initiatives
• Implement operational best practices
• Provide strategic recommendations to enhance financial performance and new business opportunities
• Ensure effective internal controls are in place and compliance with IFRS and applicable regulatory legislation for financial and tax reporting
• Control and evaluate the organization’s fundraising plans and capital structure
Company industry:
Advertising
Job role:
Finance and Investment

Commercial Manager

December 2010 - June 2012

Hogarth Worldwide

London, United Kingdom

December 2010 - June 2012

• Creation of client pricing using ABC principles and agree client workflow
• Demonstrate profitability of proposed pricing, identifying areas of risk
• Fully undertake client reviews and our active cost management model
• Contract negotiation and SLA setting
• Monitoring and reporting of client profitability, KPIs and SLAs results
• Take commercial lead on coordinating allocated bids and see through to a successful outcome
• Coordination of the bid process, including planning and writing response documentation and using latest IP within the business from a commercial perspective
• Undertake benchmarking
• Manage client audits where requested
• Manage supplier cost base
• Identify additional profit enhancing opportunities for Hogarth and drive efficiencies
• To be conversant with the key market trends, changing client requirements and competitor activity
• Demonstrate an understanding of client opportunities while assisting in creating compelling solutions
• Manage and develop junior members of the commercial team where applicable
• Provision of training to the business on commercial aspects especially profitability and pricing
• Work strategically with the Client service team and management to develop business
Company industry:
Advertising
Job role:
Finance and Investment

Business Development Manager

October 2010 - November 2010

MedEnergy Group Ltd

France

October 2010 - November 2010

• Identify and develop business opportunities for the Company’s energy activities.
• Assist the Company in preparation of overall business plan.
• Define and follow up on projects and objectives
• Implement strategies for identification of new projects
• Determine new opportunities by analyzing business needs.
• Develop and deliver business information and intelligence through carrying out research, formulate market analysis and deliver accurate and timely business reports.
• Serve as a lead facilitator both internally and externally for energy projects.
• Develop and manage Company communication tools such as corporate website
• Pro-actively hunt for business opportunities that the Company can take advantage of.
• Further develop multi-tier relationships with Government authorities and potential business partners.
• Build referral and lead generation and information network.
• Forecast long and short range energy market potential in Africa for Management’s analysis.
• Attend conferences and seminars in order to update both technical knowledge and build networks.
• Create and update the Company’s development blue print file
• Represent the company externally to media, government agencies, funding agencies, and the general public.
Company industry:
Electric Power Production & Transmission
Job role:
Finance and Investment

Group Financial Controller

August 2008 - September 2010

SPZ Holdings

London, United Kingdom

August 2008 - September 2010

• Management of financial data and reporting, including: accounts payable, accounts receivable and banking.
• Produce the monthly Management Accounts and the group consolidated reports.
• Report financial status by developing forecasts; reporting results; analysing variances; developing improvements.
• Responsible for all Cost reporting across the group.
• Reporting to MCPS & PRS on all physical Sales.
• Manage and control the Digital Sales catalogue and maintain smooth reporting between our partners worldwide.
• To advise on client deals, packages and studio rates.
• Preparing and developing commercial responses and pricing strategies for bids and proposals
• Signing off deals, controlling pricing and the level of discount given
• Identify opportunities for improvement, cost reduction, cost allocation, systems enhancement & accumulating capital to fund expansion.
• Develop finance organisational strategies by contributing financial and accounting information. Analyse, and recommend strategic thinking and direction to establish functional objectives.
• Administer and maintain contracts, including: Insurance, Production contracts, Staff contracts, Vendor Contracts, etc.
Ensure all Group tax returns are prepared and filed with timely payments.
Company industry:
Entertainment
Job role:
Accounting and Auditing

Group Financial Controller

August 2006 - July 2008

The Jungle Group Ltd

London, United Kingdom

August 2006 - July 2008

• Management of financial data and reporting, including: payroll, accounts payable, accounts receivable, credit, and banking.
• Ensure all tax returns are prepared and filed with timely payments.
• Coordinate annual audit; liaison with audit firm.
• Produce the monthly and quarterly Management Accounts.
• Report financial status by developing forecasts; reporting results; analysing variances; developing improvements.
• Preparing and developing commercial risk assessments
• Leading negotiations on new contracts and changes as appropriate.
• Acting as principal point of contact with customers and key suppliers on the day to day management of current contracts
• Work closely with the Board to assist with all levels of business decisions whether strategic or tactical
• Responsible for compiling budgets across the business, assisting with the analysis of the new business opportunities and providing a financial resource for senior management within the Company.
Supporting business improvements as necessary.
Company industry:
Entertainment
Job role:
Accounting and Auditing

Head of Finance

October 2003 - August 2006

Leopard Films Ltd Group

London, United Kingdom

October 2003 - August 2006

• Preparation of program production budgets
• Management of all accounting functions including the billing, revenue recognition, and receivables functions.
• Approve capital expenditures. Ensure fixed asset entries and
depreciation schedules are prepared.
• Report financial status by developing forecasts; reporting results; analysing variances; developing improvements.
• Work closely with the Chairman to assist with all levels of business decisions whether they are strategic or tactical
• Responsible for compiling budgets across the business, assisting with the analysis of the new business opportunities and providing a financial resource for senior management within the Company.
• Responsible for Cost reporting all Company Productions.
• Performance by measuring and analysing results; initiating corrective actions; minimizing the impact of variances.
• Design, implement and review internal controls and internal audit procedures flexible enough to strike a balance between fulfilling the fiduciary role of protecting the company’s assets and enabling the business to grow and change rapidly according to its strategic plan.
• Establish and maintain working relationships with “the company’s” financial and legal advisors to ensure “the company’s” compliance with applicable laws and financial reporting requirement.
• Ensure all tax returns are prepared and filed with timely payments.
Company industry:
Entertainment
Job role:
Accounting and Auditing

Finance Manager - International Operations

July 2001 - September 2003

MBC - Middle East Broadcasting Centre

Dubai, United Arab Emirates

July 2001 - September 2003

- Preparation of program production budgets
- Co-ordinate with finance/production personnel overseas to capture financial data and account for production costs
- Managing finance personnel in news, program/production and operations depts.
- Monitoring costs of production and estimated cost to completion against budgets
- Manage processing (coding, checking and authorization) of incoming departmental invoices
- Ensure that correspondent expenses are verified, classified and in line with budgets
- Ensuring accurate and timely capture of commitments and accruals, and timely recording of expenditure in accounting system and management accounts. ( Beirut & Cairo )
Company industry:
Entertainment
Job role:
Finance and Investment

Projects Accountant

October 1997 - July 2001

CCC - Consolidated Contractors Company

Riyadh, Saudi Arabia

October 1997 - July 2001

- Supervising posting of journal & payment vouchers.
- Preparation of debit/ credit notes.
- Preparation of all management/ financial reports.
- In charge of the plant dept. i.e. depreciation, amortization & plant billing.
- Forecasting cost to completion.
- Preparation of cash flow plan.
- Supervising a payroll of 3000 employees.
- Maintain a petty cash of USD 200, 000.
- Maintain bank book register with proper allocation.
Company industry:
Construction & Building
Job role:
Accounting and Auditing

Education

CIMA

April 2012

April 2012

Diploma, Accounting and Management

United Kingdom

ACFE

April 2010

April 2010

Diploma, Audit and Fraud

United States

Lebanese American University

July 1997

July 1997

Bachelor's degree, Accounting

Lebanon

Skills

Advertising

Expert

KPI

Expert

Procurement

Expert

Budgeting

Expert

Treasury

Expert

Management

Expert

Forecasting

Expert

Team Leader

Expert

Auditing

Expert

Risk Management

Expert

Business Development

Expert

Advertising

Expert

KPI

Expert

Procurement

Expert

Training and Certifications

Certifications
ACFE